Delphi Associates

Careful evaluation of all investment offers should be done prior to signing agreements. Rather than make an immediate decision, insist that the caller confirm details of the offer and all verbal promises in writing. Verify that the offer is registered, or exempt from such requirement, with your state securities commissioner. In California, call the Department of Corporations 213 576-7500. Limited Partnerships are required to register unless an exemption is filed with the state. General Partnerships, however, are not required to register. Those who invest in General Partnerships may also be accountable for the financial liabilities of the entire partnership. Offers claiming to be exempt from registration must meet specific requirements. Specifically, they must be limited to no more than 35 investors who are: immediate relatives or friends; current investors in other offers made by the company; persons referred by current investors; and to those with the expertise to make a valid decision. Generally, if an offer is sold via telephone, it is an indication it would not be qualified for exemption under current law.

The world of psychics is a much unregulated one. Therefore, there is no real way to check a psychic's qualifications, or experience (everybody seems to have 20+ years of experience), or morals. Consequently, anybody can get up one morning and declare themselves psychic without any problem. We urge caution! Our experience with similar offers has been that once the company receives your money, they take great care to be inaccessible, and respondents find that telephone lines are soon disconnected, and mail is returned by the post office maked as "undeliverable as addressed", or "return to sender."